The Department of Commerce is carefully examining the implications of various measures and announcements made by US President Donald Trump regarding reciprocal tariffs, the Ministry of Commerce stated.
The output of eight key infrastructure sectors rose by 4.6% in January against a 4.2% expansion in the same month of last year, official data released by the Ministry of Commerce & Industry said on Friday.
The Centre has formed a high-level committee which is tasked to review tariff relief on imports from the United States. The development comes amid the US plans to impose reciprocal tariffs across trading countries by April 2.
The wholesale price index (WPI) inflation eased to 2.31 per cent in January, down from 2.37 per cent in December 2024, according to data released by the Ministry of Commerce and Industry on Friday.
The development comes subsequent to the meeting between Prime Minister Narendra Modi and his United Kingdom counterpart Keir Starmer on the sidelines of the G-20 Summit in Rio de Janeiro, Brazil.
Total imports during the first five months of the current fiscal are estimated at $375.33 billion, registering a growth of 7.20 per cent.
The meeting was co-chaired by Rajesh Agrawal, Additional Secretary, Department of Commerce, India and Mastura Ahmad Mustafa, Deputy Secretary General (Trade), Ministry of Investment, Trade & Industry, Malaysia.
The delegation was led by Secretary, Department of Commerce, Sunil Barthwal. At the forum, the region's top investors, clean economy companies, and start-ups came together to mobilise investments into sustainable infrastructure, climate technology, and renewable energy projects.
NLP on September 17 has received a strong response from the industry with 13 firms joining the platform in less than two weeks of the launch.
The media house has though referred to the Ministry of Commerce report for the claim.
